Fidelity: storage and trading Desk for crypto on " final testing»

[Paha87]

On Thursday, Fidelity, a financial services provider with approximately $ 7.2 trillion in client assets under management, said its cryptocurrency storage and trading platform is in the "final testing"stage.

In its blog post late Thursday night, the company noted that it already has a "select set of eligible customers" while it works on creating Fidelity Digital Asset Services (FDAS). As we wrote earlier, Fidelity first announced that it will launch a service for digital assets in October last year.

Currently, the company is working with auditors to improve existing policies and procedures, as well as to "establish new benchmarks for this aspect of cryptocurrency and blockchain financing".

Without giving the exact timing of the official launch, in the post, however, notes:

Our initial clients are an important part of our final testing and process improvement periods that will ultimately enable us to deliver these services to a wider range of eligible institutions.

Although there was no explicit confirmation in the update of the data we quoted from Bloomberg that FDAS plans to publicly launch a trading platform in March, this is consistent with the company's previous statements that the platform will be launched in the first quarter of this year.

It should be noted that the decision of the custodian of the Fidelity already has assets on behalf of their original customers.

Supporting optimism about the short-term launch, FDAS in its post announced the search for potential customers, saying: "over the next few months, we will thoughtfully interact with potential customers and put them in place depending on their needs, jurisdiction and other factors."

The company's trading and Depository solutions are at roughly the same stage of development and are expected to appear around the same time. As previously reported, at launch, FDAS will support bitcoin and ether with "institutional-level storage" along with other services.

LINK - https://altstake.io/news/fidelity-hranilische-i-treyding-desk-dlya-kripto-naokonchatelynom-testirovanii